| 08.11.2011 - Automotive consultancy sees oil demand peak by 2020 |
| “Peak oil” will be a demand rather than supply phenomenon, says a UK engineering, management, and automotive consultancy. Ricardo PLC says multiclient research its Ricardo Strategic Consulting unit began last June indicates global oil demand will peak before 2020 at no more than 4% above 2010 levels. The International Energy Agency estimates average 2010 oil demand at 88.2 million b/d...............................................Full Article: Source |